Obama takes more strident tone with Europe

President Barack Obama on Friday urged European leaders to take specific steps to end the debt crisis. His comments are in contrast to two years of quiet prodding of European leaders. See full story.

U.S. trade gap shrinks in April

The U.S. trade deficit narrows 4.9% to $50.1 billion in April as monthly exports decline for the first time since November. See full story.

Spain stocks up on hopes for near-term bank rescue

Speculation that the wheels could be set in motion for a Spanish bank rescue this weekend rallied stocks in Madrid on Friday, even as the government said no aid requests would be made ahead of a series of reports and audits on the banking sector. See full story.

Europe stocks off on Spain cut, German data

European stocks fall on Friday, after a fresh downgrade of Spain and lackluster trade data from Germany hamper sentiment and scare investors out of risk assets. See full story.

Europe may issue joint bond, just not ‘euro bond’

European Union officials are likely to propose some variation on euro bonds as part of a long-term solution to the sovereign debt crisis. See full story.

Everyone knows America has too much debt. What they don’t know is that things are getting better, not worse. Little by little, our economy is reducing its debt burden, writes Rex Nutting. See full story.

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